
About Silicon Motion Technology Corporation
Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. It offers solid-state drive (SSDs) used in PCs and other devices, as well as embedded multimediacard (eMMC) and UFS mobile embedded storage used in smartphones. The company also provides enterprise-grade SSDs used in data centers; and small form-factor specialized SSDs used in industrial, commercial, and automotive applications. It sells its controllers under the SMI brand; data center SSDs under the Shannon brand; and single-chip industrial-grade SSDs under the Ferri SSD and Ferri-eMMC brands. The company markets and sells its products through direct sales personnel and independent electronics distributors to flash makers, module makers, hyperscalers, and OEMs. It operates in Taiwan, the United States, Korea, China, Malaysia, Singapore, and internationally. Silicon Motion Technology Corporation was founded in 1995 and is based in Kowloon, Hong Kong. Address: Centre 600, Unit B, Kowloon, Hong Kong
Silicon Motion Technology Corporation News and around…
Latest news about Silicon Motion Technology Corporation (SIMO) common stock and company :
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Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Silicon Motion (NasdaqGS: SIMO) to MaxLinear, Inc. (NasdaqGS: MXL). Under the terms of the proposed transaction, shareholders of Silicon Motion will receive only $93.54 in cash and 0.388 shares of MaxLinear for each American Depositary Share (ADS) of Silicon Motion that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
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Silicon Motion Technology Corporation (NasdaqGS: SIMO) ("Silicon Motion"), a global leader in designing and marketing NAND flash controllers for solid-state storage devices, today announces it will participate in the upcoming Embedded Computing Design's Automotive Technologies Virtual Conference which will be held virtually on May 12. Silicon Motion's automotive project manager will deliver a webinar titled "Advanced Storage Solutions for Automotive Applications" which will showcase an array of
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Silicon Motion Technology shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.
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Silicon Motion Technology shareholders are upbeat about a buyout agreement. But the acquiring company's shareholders aren't so happy.
U.S. stocks remained lower toward the end of trading, with the Nasdaq Composite dropping more than 650 points on Thursday. The Dow ...
(Bloomberg) -- MaxLinear Inc., a maker of chips for broadband communications, agreed to acquire Silicon Motion Technology Corp. in a cash-and-stock deal valuing the Taiwanese semiconductor firm at $3.8 billion.Most Read from BloombergStocks Crater as Fed-Policy Jitters Rock Trading: Markets WrapU.S. Forgives $6.8 Billion in Public Service Worker Student LoansUkraine Latest: Jill Biden Heads for Europe, Will Meet RefugeesElon Musk, Cathie Wood Say Passive Funds Have Gone Too FarFiona Hill Says Pu
Gainers Silicon Motion Technology (NASDAQ:SIMO) stock rose 17.1% to $95.11 during Thursday's regular session. As of ...
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Chipmaker MaxLinear on Thursday announced plans to buy Silicon Motion in a cash and stock deal worth $3.8 billion.
Indexes gave back most of the prior day's big gains. The Nasdaq plunged 2.8%.
Shares of Silicon Motion Technology soared more than 22% in premarket trading Thursday, after the Taiwan-based semiconductor company agreed to be acquired by MaxLinear in a $3.8 billion cash-and-stock deal. Under the terms of the deal, U.S. chip maker MaxLinear (ticker: MXL) will pay $93.54 in cash and 0.388 of its shares for each Silicon Motion American depositary share outstanding, valuing the ADS at $114.34. Silicon Motion Technology (SIMO) stock jumped 22.2% to $99.14 Thursday.
Business Highlights Sales exceeded the high end of guidance SSD controller sales declined 15% to 20% Q/Q and increased 25% to 30% Y/YeMMC+UFS controller sales declined 0% to 5% Q/Q and increased 60% to 65% Y/YSSD solutions sales decreased 5% to 10% Q/Q and increased 40% to 45% Y/Y Gross margin exceeded the high end of guidance due to a stronger sales mixRepurchased $100 million of ADSs at an average price of $80.19, returning $150 million to shareholders since the program was announced last Dece
MaxLinear, Inc(NASDAQ: MXL)has agreed to acquirefellow chipmakerSilicon Motion Technology ...
Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Silicon Motion Technology Corporation (NASDAQ: SIMO) to MaxLinear, Inc. is fair to Silicon Motion shareholders. Per the agreement, each American Depositary Share of Silicon Motion will receive $93.54 in cash and 0.388 shares of MaxLinear common stock.
Silicon Motion Technology Corporation (SIMO) is a NASDAQ Common Stock listed in Common Stock, Semiconductors, Technology